Alabama, also referred to as the “Yellowhammer State”, “ Cotton State” or the “ Heart of Dixie” is ranked 30th in the United States of America. The state has a robust economy that is mainly based on agriculture. In addition, the economy depends on varied interests including mineral extraction, high technology, heavy manufacturing, education and establishment of multiple military installations.
Today AL has heavily invested in health care, aerospace and banking. Its capital is located at Montgomery. The State of Alabama is governed by Governor Robert R. Riley and Lieutenant Governor Jim Folsom Jr. The other leader that heads Alabama is US Senator Richard Shelby.
Alabama borders Georgia to the east, Mississippi to the west, Tennessee to the north and the Gulf of Mexico to the south. The State was at one point in time dominated by white rural interest until early 1960’s.
The other feature that marks the success of the State is its well organized financial structure that incorporates use of payday loan by the citizens of Alabama. A payday loan, also known as a cash advance or a payday advance is a cash credit facility that is secured by the borrower’s personal check.
It is usually paid by electronic transfer of funds to the checking account of the borrower. Various companies offer a payday loan in Alabama. Some of the services include provision of reliable payday loans to people who are in need of quick fixes for their financial troubles. Besides this, the companies in Alabama also offer services that feature a complete line of monetary alternatives to other high priced payday loans such as personal loans and credit counseling.
The funds that are borrowed by customers in Alabama are deposited in the customer’s checking account on the same day that the borrower applies for the payday advance. The application process takes quite a short time. The customer will not have to leave home as the company lets one apply for a cash advance online.
Since no faxing is required when it comes to obtaining a loan from companies in Alabama, customers end up saving time and cost during the application process.
The legal provisions that govern payday lending companies in Alabama usually require that the companies be fully licensed to carry out payday services in the region. They also require that the companies offer customers flexible payment terms and options that are not excessive and punitive.
The laws of the State also make it mandatory for the payday lending company and the borrower to sign a legally binding agreement when taking out a payday advance. This helps authenticate the agreement and give it legal status.
Payday lending companies in Alabama offer friendly customer services that are guaranteed to make sure that customers enjoy the services. No application fees are required for the application process making Alabama one of the best places to obtain a payday service.
If you are looking for a payday loan in AL, you should consider visiting bureaus as you are bound to discover a quick advanced way of obtaining a payday loan in Alabama. Apply online for your payday advance loan and solve your financial problems today!